Common use of Franchises and Permits Clause in Contracts

Franchises and Permits. Preserve and keep in full force and effect all franchises, permits, licenses and other authority as are necessary to enable it to conduct its business as being conducted on the date hereof, and to comply in all material respects with all laws, regulations and requirements now in effect or hereafter promulgated by any property constituted governmental authority having jurisdiction over Borrower or its business.